According to this Application, the decrease in consumer wealth due to decreases in the value of home equity has
A) decreased consumer spending. B) decreased the marginal propensity to save.
C) increased short-run aggregate supply. D) increased consumer saving.
A
You might also like to view...
Assuming r is the interest rate, to compute the present value of a dollar to be received a year from today, you
A) multiply the dollar by r. B) divide the dollar by (1 - r). C) multiply the dollar by (1 + r). D) divide the dollar by (1 + r).
A decrease in the price of a foreign currency is represented graphically as
a. rightward movement along the demand curve for that currency b. an upward shift of the demand curve c. a downward shift of the demand curve d. a horizontal line e. a vertical line
Refer to the table below. If there were 200 buyers in the market, each with a demand schedule identical to Buyer 2 in the table above, then the weekly quantity of hamburger demanded in the market at a price of $4 would be:
The table below shows the weekly demand for hamburger in a market where there are just three buyers.
A. 8,000
B. 2,000
C. 7,400
D. 4,000
The short run is a period of time in which
A) the quantity of at least one factor of production is fixed. B) the amount of output is fixed. C) prices and wages are fixed. D) nothing the firm does can be altered.